SkyOak Wealth LLC Decreases Holdings in F5, Inc. (NASDAQ:FFIV)

SkyOak Wealth LLC reduced its stake in F5, Inc. (NASDAQ:FFIV) by 25.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,174 shares of the network technology company’s stock after selling 406 shares during the quarter. SkyOak Wealth LLC’s holdings in F5 were worth $295,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Greenleaf Trust lifted its position in shares of F5 by 5.7% during the 4th quarter. Greenleaf Trust now owns 1,091 shares of the network technology company’s stock valued at $274,000 after buying an additional 59 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in F5 by 2.3% during the fourth quarter. DAVENPORT & Co LLC now owns 12,101 shares of the network technology company’s stock valued at $3,043,000 after purchasing an additional 275 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in F5 by 2.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company’s stock worth $404,000 after purchasing an additional 44 shares during the period. Custom Index Systems LLC increased its stake in shares of F5 by 16.0% in the fourth quarter. Custom Index Systems LLC now owns 3,288 shares of the network technology company’s stock worth $827,000 after purchasing an additional 453 shares in the last quarter. Finally, Caprock Group LLC bought a new stake in shares of F5 in the fourth quarter valued at approximately $227,000. Institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on FFIV. Piper Sandler raised their price objective on shares of F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. The Goldman Sachs Group lifted their price target on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada increased their price objective on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. StockNews.com upgraded F5 from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Finally, Needham & Company LLC upped their price target on F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $295.00.

Insider Transactions at F5

In other news, Director Alan Higginson sold 825 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $239.77, for a total value of $197,810.25. Following the completion of the sale, the director now directly owns 9,882 shares in the company, valued at approximately $2,369,407.14. The trade was a 7.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Marianne Budnik sold 728 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the transaction, the director now directly owns 1,770 shares in the company, valued at approximately $538,876.50. This represents a 29.14 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.

F5 Stock Performance

NASDAQ FFIV opened at $297.26 on Monday. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $308.00. The company has a fifty day moving average of $260.25 and a 200-day moving average of $228.54. The company has a market capitalization of $17.24 billion, a P/E ratio of 29.55, a P/E/G ratio of 4.06 and a beta of 1.06.

F5 announced that its board has authorized a share repurchase plan on Monday, October 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the network technology company to buy up to 7.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

About F5

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company’s distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.